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Tax

Tax Strategy

Proactive strategies for business owners and high earners to reduce taxes, evaluate opportunities, and make smarter tax decisions.

Tax Return Preparation

Individual and business returns done right, including complex, high-income, and multi-state situations.

Specialty Support Services

When the IRS comes calling, we provide support for audits, notices, back taxes, and expert support for litigation matters.

Your Business Entity

Business Formation Services

Starting up and electing your entity? Get set up correctly from day one.

Business Entity Support

Maintaining, restructuring, or winding down an existing entity, with support for governance and compliance.

Business Services

Running the business day to day, including owner compensation, deductions, payroll, and retirement plans.

Money & Planning

Accounting Services

Clean books, real-time numbers, and outsourced finance support, from monthly bookkeeping to a virtual CFO.

Other Services

Fee-only planning for the whole picture, including retirement, investments, and life transitions.

Not Sure Where To Start?

All Services

Find the tax, accounting, and advisory support that fits your needs.

Browse Services

Whether you are forming an entity, cleaning up your books, or answering IRS notice. WCG has a team for it.

Discovery Meeting
Business Advisory
Entity Formation
Avoid Self-Employment Tax

Late S Corp Election

Multi-Entity Arrangements

Deal Structures

Operating Agreements

Business Support
Bookkeeping + Analysis Services

Reasonable Shareholder Salary

Business Tax Deductions

Periodic Business Reviews

Medical Contractors

Business Entity Support
Should I Form an LLC?

When Should I Elect S Corporation Status?

EIN Services

Operating Agreement

Foreign Qualification

Business Advisory Services

Everything you need to launch your entity, from selection to multi-entity structures.

Read More
WCG CPAs & Advisors can help launch your venture, and provide tax prep, tax planning and reduction strategies, accounting services  and routine business consultation.

Discovery Meeting
Real Estate
Asset Management
Entity Selection, Arrangements

Cost Segregation Study

Improvements and Rehabs

Repairs Safe Harbors

1031 Like Kind Exchange

Tax Considerations
Passive Activity Losses

Material Participation

Real Estate Professional Status (REPS)

Short-Term Rental Loophole

Rental Property Tax Deductions

Services for Investors
Tax Return Preparation

Accounting Services

Business Formation Services

Business Entity Support

Specialty Support Services

Real Estate Investor Hub

Designed for rental property owners, where WCG supports you as your real estate CPA.

Read More
WCG CPAs & Advisors helps real estate investors and rental property owners build wealth by providing expert advice, tax planning and reduction strategies, and routine consultation. And, we're pretty cool too.

Discovery Meeting
Tax Center
Tax Strategy
Aspen Tax Strategy Series

STR Feasibility Quick Launch

Advanced Tax Strategies

Tax Planning Services

Tax Strategy Services

Tax Preparation
Individual Tax Prep

Business Entity Tax Prep

Rental Property Tax Prep

Expat Tax Prep

FasTrac 1040

Specialty Support Services
IRS Audit Defense

IRS Notice Response

IRS Penalty Abatement

Offer in Compromise

Litigation Support Services

Get Started

Everything from small business tax prep to your rental to your corporation.

Read More
WCG CPAs & Advisors makes tax return preparation a snap with easy to use checklists and smooth tax return delivery including ongoing tax planning and reduction strategies. We are your advocate!

Tax Prep Intake
Pricing
Resources
Client Support
Sharefile Login

Efile Authorization

Pay an Invoice

Upload a Document

Tax Resolution

School House
Blog Posts

S Corp Book KB

Rental Book KB

Other KB Articles

Video Library

About Us

WCG’s primary objective is to help you to feel comfortable about engaging with us

Read More
WCG CPAs & Advisors provides a ton of resources including blog posts, and our LLC S Corp and Rental Property books for your education and tax reduction strategies.

Discovery Meeting
About
Contact
Login

(719) 387-9800

Real Estate Investor KnowledgeBase

I Just Got a Rental, What Do I Do?

204 articles

Business Advisory

Avoid Self-Employment Tax
Late S Corp Election
Multi-Entity Arrangements
Deal Structures
Operating Agreements
Bookkeeping + Analysis Services
Reasonable Shareholder Salary
Business Tax Deductions
Periodic Business Reviews
Medical Contractors

Real Estate

Passive Activity Losses
Material Participation
Real Estate Professional
Short-Term Rental Loophole
Rental Property Tax Deductions
Cost Segregation Study
Improvements and Rehabs
Repair Safe Harbors
Accelerated Depreciation
1031 Like Kind Exchange

Tax Center

Individual Tax Prep
Business Entity Tax Prep
Rental Property Tax Prep
Expat Tax Prep
FasTrac 1040
Tax Planning Services
Tax Reduction Strategies
End of Year Tax Moves
Business Tax Deductions
Tax Patrol Services

Resources

Sharefile Login
Efile Authorization
Pay an Invoice
Upload a Document
Tax Resolution
Blog Posts
Knowledge Base
S Corp Book
Rental Book
Video Library

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Posted by:Jason Watson, CPA

Jason Watson is a Senior Partner for WCG CPAs & Advisors, a boutique yet progressive tax, accounting and consultation CPA firm located in Colorado working with business owners and rental property owners coast-to-coast. He has been a real estate investor and landlord since 1997, an owner of three small businesses, and holds both a Bachelor’s and Master’s in Business Administration from the University of Wisconsin – Madison.

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Services

Tax

Tax Strategy

Proactive strategies for business owners and high earners to reduce taxes, evaluate opportunities, and make smarter tax decisions.

Tax Return Preparation

Individual and business returns done right, including complex, high-income, and multi-state situations.

Specialty Support Services

When the IRS comes calling, we provide support for audits, notices, back taxes, and expert support for litigation matters.

Your Business Entity

Business Formation Services

Starting up and electing your entity? Get set up correctly from day one.

Business Entity Support

Maintaining, restructuring, or winding down an existing entity, with support for governance and compliance.

Business Services

Running the business day to day, including owner compensation, deductions, payroll, and retirement plans.

Money & Planning

Accounting Services

Clean books, real-time numbers, and outsourced finance support, from monthly bookkeeping to a virtual CFO.

Other Services

Fee-only planning for the whole picture, including retirement, investments, and life transitions.

Not Sure Where To Start?

All Services

Find the tax, accounting, and advisory support that fits your needs.

Browse Services

Whether you are forming an entity, cleaning up your books, or answering IRS notice. WCG has a team for it.

Discovery Meeting
Business Advisory
Entity Formation
Avoid Self-Employment Tax

Late S Corp Election

Multi-Entity Arrangements

Deal Structures

Operating Agreements

Business Support
Bookkeeping + Analysis Services

Reasonable Shareholder Salary

Business Tax Deductions

Periodic Business Reviews

Medical Contractors

Business Entity Support
Should I Form an LLC?

When Should I Elect S Corporation Status?

EIN Services

Operating Agreement

Foreign Qualification

Business Advisory Services

Everything you need to launch your entity, from selection to multi-entity structures.

Read More
WCG CPAs & Advisors can help launch your venture, and provide tax prep, tax planning and reduction strategies, accounting services  and routine business consultation.

Discovery Meeting
Real Estate
Asset Management
Entity Selection, Arrangements

Cost Segregation Study

Improvements and Rehabs

Repairs Safe Harbors

1031 Like Kind Exchange

Tax Considerations
Passive Activity Losses

Material Participation

Real Estate Professional Status (REPS)

Short-Term Rental Loophole

Rental Property Tax Deductions

Services for Investors
Tax Return Preparation

Accounting Services

Business Formation Services

Business Entity Support

Specialty Support Services

Real Estate Investor Hub

Designed for rental property owners, where WCG supports you as your real estate CPA.

Read More
WCG CPAs & Advisors helps real estate investors and rental property owners build wealth by providing expert advice, tax planning and reduction strategies, and routine consultation. And, we're pretty cool too.

Discovery Meeting
Tax Center
Tax Strategy
Aspen Tax Strategy Series

STR Feasibility Quick Launch

Advanced Tax Strategies

Tax Planning Services

Tax Strategy Services

Tax Preparation
Individual Tax Prep

Business Entity Tax Prep

Rental Property Tax Prep

Expat Tax Prep

FasTrac 1040

Specialty Support Services
IRS Audit Defense

IRS Notice Response

IRS Penalty Abatement

Offer in Compromise

Litigation Support Services

Get Started

Everything from small business tax prep to your rental to your corporation.

Read More
WCG CPAs & Advisors makes tax return preparation a snap with easy to use checklists and smooth tax return delivery including ongoing tax planning and reduction strategies. We are your advocate!

Tax Prep Intake
Pricing
Resources
Client Support
Sharefile Login

Efile Authorization

Pay an Invoice

Upload a Document

Tax Resolution

School House
Blog Posts

S Corp Book KB

Rental Book KB

Other KB Articles

Video Library

About Us

WCG’s primary objective is to help you to feel comfortable about engaging with us

Read More
WCG CPAs & Advisors provides a ton of resources including blog posts, and our LLC S Corp and Rental Property books for your education and tax reduction strategies.

Discovery Meeting
About
Contact
Login

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Tax

Tax Strategy

Tax Return Preparation

Specialty Support Services

Your Business Entity

Business Formation Services

Business Entity Support

Business Services

Money & Planning

Accounting Services

Other Services

Not Sure Where To Start?

All Services

Whether you are forming an entity, cleaning up your books, or answering IRS notice. WCG has a team for it.

Business Advisory Services

WCG CPAs & Advisors can help launch your venture, and provide tax prep, tax planning and reduction strategies, accounting services and routine business consultation.

Asset Management

Tax Considerations

Services for Investors

Real Estate Investor Hub

WCG CPAs & Advisors helps real estate investors and rental property owners build wealth by providing expert advice, tax planning and reduction strategies, and routine consultation. And, we're pretty cool too.

Get Started

WCG CPAs & Advisors makes tax return preparation a snap with easy to use checklists and smooth tax return delivery including ongoing tax planning and reduction strategies. We are your advocate!

Client Support

School House

About Us

WCG CPAs & Advisors provides a ton of resources including blog posts, and our LLC S Corp and Rental Property books for your education and tax reduction strategies.